Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Variational Omni−0.053%7-day average +0.024% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.053%, 7d avg +0.024%

Together, before fees−0.074%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.076% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	190.65	0	get 0.0000% / 8h	7h 13m	$206K	$42K	—
Short	Gate CRDO_USDT	190.55	0	get 0.0000% / 8h	7h 13m	$663K	$124K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee GatebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.024%: −$7.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.64
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Gate: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 60 min ago	3.52 bp	doesn't fit	96.0 bp −$960	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	5.02 bp	77.2 bp −$77	doesn't fit	doesn't fit	doesn't fit

CRDO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	−0.0028%	1h	190.36	−0.152%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.67	+0.012%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.71	+0.031%	$4.3M	$8.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.76	+0.057%	$722K	$813K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	190.40	−0.131%	$916K	$1.5M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	190.55	−0.053%	$663K	$124K	20x
Bitget CRDOUSDT	0.0000%	8h	190.64	−0.005%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	190.65	long leg	$206K	$42K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	190.54	−0.059%	$333	$133K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	190.35	−0.158%	$826	$565K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	190.60	−0.026%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.79	+0.073%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.47	−0.095%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.59	−0.032%	$198K	$906K	20x	as long as short
Paragon para:CRDO	+0.1108%	1h	191.16	+0.267%	$1.3M	$443K	10x	as long as short